Meitu (OTC:MEIUF) Stock, Quote.Headers.trade-ideas

Meitu Inc is an investment holding company. It is engaged in the provision of online advertising and other Internet value-added services by offering a portfolio of photo and community apps that enjoys popularity in the PRC and overseas and the smart hardware business involving the production of MeituEve: a commercial artificial intelligence skin analyser, MeituKey: a contact skin analyser, MeituSpa: an artificial intelligence cleansing brush and Meitu Genius: an artificial intelligence smart mirror.

Meitu Inc

<ul>
<li>The acquisition includes (i) a cord blood banking licence issued by Malaysia's Ministry of Health, (ii) cryopreservation equipment with more than 12,000 cord blood units, and (iii) two freehold real estate properties totalling 189 square metres in which the operation is situated.</li>
<li>This acquisition will expand CytoMed's strategy in cell therapies as it now has access to rare and precious naïve cord blood donated for research and development. There are abundant clinical publications and evidence that cord blood offers a wide range of opportunities in the fields of regenerative medicine and aging diseases, including auto-immune diseases. This new biotechnology arm will be undertaken through CytoMed's subsidiary, LongevityBank Pte Ltd. The latter is the holding company of IPSC Depository Sdn Bhd which holds the cord blood banking licence issued by the Ministry of Health, Malaysia.</li>
</ul>

News

Health Care

General

GDTC

CytoMed Therapeutics Has Acquired The License And Certain Assets Of Cellsafe International, A Malaysian Cord Blood Bank, Deal Terms Were Not Disclosed

The 31,000-square-foot facility at 2300 Market Street is expected to be complete in the&nbsp;third quarter&nbsp;of 2025.
Legend, which has over 1,200 employees in the United States, anticipates 55 full-time employees will eventually be based in the Philadelphia facility.&nbsp;

LEGN

Legend Biotech Establishes New Research And Development Facility In Philadelphia, Pennsylvania, To Advance Its Portfolio Of Next-generation Cell Therapies

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
<h3 class="wp-block-heading">Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>)</h3>
<ul>
<li>Dividend Yield: 11.49%</li>
<li>UBS analyst Kevin Caliendo maintained a Neutral rating and cut the price target from $17 to $12 on July 3. This analyst has an accuracy rate of 75%.</li>
<li>RBC Capital analyst Ben Hendrix maintained a Sector Perform rating and slashed the price target from $22 to $13 on July 2. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On Sept. 13, Walgreens Boots Alliance agreed to pay $106.8 million to settle allegations that it submitted false claims to government healthcare programs, violating the False Claims Act and state regulations.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1">latest WBA news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="900" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03072919/image-11.png" alt="" class="wp-image-578386" style="width:653px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03072919/image-11.png 900w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03072919/image-11-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03072919/image-11-768x719.png 768w" sizes="(max-width: 900px) 100vw, 900px" /></a></figure>
<h3 class="wp-block-heading">The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>)</h3>
<ul>
<li>Dividend Yield: 4.66%</li>
<li>Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and raised the price target from $34 to $35 on Aug. 1. This analyst has an accuracy rate of 63%.</li>
<li>B of A Securities analyst Bryan Spillane maintained a Buy rating and cut the price target from $42 to $38 on July 10. This analyst has an accuracy rate of 64%</li>
<li>Recent News: On July 31, Kraft Heinz reported better-than-expected second-quarter adjusted EPS results.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1"> latest KHC news</a>.</li>
</ul>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="822" height="797" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03072944/image-2-5.png" alt="" class="wp-image-578387" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03072944/image-2-5.png 822w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03072944/image-2-5-300x291.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03072944/image-2-5-768x745.png 768w" sizes="(max-width: 822px) 100vw, 822px" /></a></figure>
<h3 class="wp-block-heading">Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>)</h3>
<ul>
<li>Dividend Yield: 4.52%</li>
<li>Goldman Sachs analyst Bonnie Herzog maintained a Buy rating and raised the price target from $126 to $140 on Sept. 26. This analyst has an accuracy rate of 71%.</li>
<li>Barclays analyst Gaurav Jain maintained an Overweight rating and increased the price target from $130 to $145 on Sept. 9. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: Philip Morris International is expected to report results for its fiscal third quarter on Oct. 22.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1">trend in PM stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="908" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03073026/image-12.png" alt="" class="wp-image-578388" style="width:608px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03073026/image-12.png 908w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03073026/image-12-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03073026/image-12-768x716.png 768w" sizes="(max-width: 908px) 100vw, 908px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41156151/wall-streets-most-accurate-analysts-give-their-take-on-3-consumer-stocks-delivering-high-dividend-yi">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields</a></li>
</ul>

Long Ideas

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Wall Street's Most Accurate Analysts Spotlight On 3 Defensive Stocks Delivering High-Dividend Yields

Deutsche Bank analyst Scott Deuschle maintains BWX Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWXT#NYSE">BWXT</a>) with a Buy and raises the price target from $113 to $129.

Price Target

BWXT

Deutsche Bank Maintains Buy on BWX Technologies, Raises Price Target to $129

Of approximately 33 million outstanding DM shares,&nbsp;60%&nbsp;were voted in favor of the approval of the merger agreement between Desktop Metal and Nano Dimension. Out of the total shares participating in the vote, greater than&nbsp;96%&nbsp;of votes were cast in favor of the merger.

NNDM

Desktop Metal Stockholders Approve Merger With Nano Dimension; Expects Transaction To Close In Q4 Of 2024, With Some Required Regulatory Approvals

Commodities

Drilling Tools Has Closed On Its Acquisition Of European Drilling Projects Known As Ed Projects, A Provider Of Next-generation Stabilizers, Specialty Reamers, And Wellbore Optimization Technology For The Drilling Industry, Deal Terms Undisclosed

Deutsche Bank analyst Scott Deuschle maintains Howmet Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) with a Buy and raises the price target from $106 to $125.

Deutsche Bank Maintains Buy on Howmet Aerospace, Raises Price Target to $125

On Thursday, Worksport Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) announced the expansion of its sales to Federal Government Agencies. Worksport has established a business relationship with a significant U.S. government entity, supplying its flagship Made-in-USAAL3 Tonneau Covers for regular fleet purchases.
This strategic partnership positions Worksport to expand its reach within the government fleet sector, which includes an estimated 2 million pickup trucks nationwide.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40830453/exclusive-worksports-sales-surge-to-1-21m-in-august-ceo-predicts-strong-2024-growth" rel="noreferrer noopener">EXCLUSIVE: Worksport&#8217;s Sales Surge to $1.21M in August, CEO Predicts Strong 2024 Growth</a>
Additionally, Worksport plans to explore opportunities to introduce its forthcoming clean-tech nano-grid products to these newly established relationships.
Ambassador Ned Siegel (Ret.), a key member of Worksport&#8217;s Board of Directors and former U.S. Ambassador, will spearhead Worksport&#8217;s strategic approach to government sales.
Ambassador Siegel will be directly involved in outreach to federal and state agencies, leveraging his extensive network to build strong government relationships.
This outreach will not only focus on Worksport&#8217;s current tonneau cover products but also on pitching cutting-edge solutions like the&nbsp;SOLIS Solar Tonneau Cover and the&nbsp;COR Portable Energy System.
CEO&nbsp;Steven Rossi: &#8220;We expect these relationships to grow, becoming a recurrent source of revenue as we expand our offerings and reach.&#8221;
According to the Federal Highway Administration (FHWA), there may be over&nbsp;2 million pickup trucks in government and state-owned fleets, presenting a vast, addressable market for Worksport&#8217;s products.
Government agencies with the largest fleets of light trucks include the Departments of Natural Resources, Agriculture, and Transportation and Federal, State, and Local Law Enforcement Agencies.
&#8220;Our focus on government fleets isn&#8217;t just about selling our current products,&#8221; continued Rossi. &#8220;With the upcoming launch of our clean-tech solutions, including the&nbsp;SOLIS&nbsp;and&nbsp;COR&nbsp;systems, we see significant growth potential as government fleets increasingly move toward sustainability and energy efficiency.&#8221;
Price Action: WKSP stock closed higher by 3.35% to $0.4167 on Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40811414/exclusive-worksports-portable-cor-battery-adds-7-miles-of-charge-to-tesla-model-3-in-lab-test-acts-a" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Worksport&#8217;s Portable COR Battery Adds 7 Miles Of Charge To Tesla Model 3 In Lab Test, Acts As EV Range Extender</a></li>
</ul>

Government

Market-Moving Exclusives

Exclusives

WKSP

EXCLUSIVE: Worksport Expands Sales to Federal Agencies, Eyes Growth with Clean-Tech Products

EXCLUSIVE: Worksport Tells Benzinga 'Worksport has established a business relationship with a major U.S. government entity, supplying its flagship Made-in-USA AL3 Tonneau Covers for regular fleet purchases'

EXCLUSIVE: Worksport Tells Benzinga Co. Commences Direct Sales To U.S Government Departments, Says Securing First Order With National Agency

Large Cap

Enbridge Will Build, Own, And Operate Crude Oil And Natural Gas Pipelines In US Gulf Of Mexico For Kaskida Development, Operated By Bp Exploration & Production Company, Detailed Design And Procurement Activities Will Start In Early 2025 And Be Operational By 2029, With Cost Of ~$700M

Deutsche Bank analyst Scott Deuschle maintains ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) with a Buy and raises the price target from $81 to $84.

Deutsche Bank Maintains Buy on ATI, Raises Price Target to $84

HC Wainwright &amp; Co. analyst Andrew Fein reiterates Acumen Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABOS#NASDAQ">ABOS</a>) with a Buy and maintains $15 price target.

Reiteration

ABOS

HC Wainwright & Co. Reiterates Buy on Acumen Pharmaceuticals, Maintains $15 Price Target

Deutsche Bank analyst Scott Deuschle upgrades RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) from Sell to Hold and raises the price target from $109 to $129.

Upgrades

Deutsche Bank Upgrades RTX to Hold, Raises Price Target to $129

SLND

Southland Closed A New $160M Senior Secured Term Loan Facility With Callodine Commercial Finance. The New Facility Consists Of $140M Initial Draw Term Loan And A $20M Committed Delayed Draw Term Loan, Which Are Due In 2028

Contracts

SMX (Security Matters) Announces Its Collaboration Mandate With Sthaler, Which Markets FinGo, Digital Identity Provider. Together, They Are Developing A Centralized Reporting Platform That Will Authenticate And Ensure Transparency From The Source

Deutsche Bank analyst Bryan Keane maintains WNS (Hldgs) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNS#NYSE">WNS</a>) with a Hold and lowers the price target from $55 to $51.

Deutsche Bank Maintains Hold on WNS (Hldgs), Lowers Price Target to $51

Leasing Activity Leases commencing during the third quarter ended September 30, 2024, totaled an aggregate of 1,095,115 square feet, all of which have terms of at least six months. These leases included 598,858 square feet of renewal leases and 496,257 square feet of new leases. Rental rates under these leases reflect a 12.2% increase on a cash basis with renewal leases reflecting a 9.1% increase on a cash basis and new leases reflecting a 15.7% increase on a cash basis. Total portfolio occupancy at September 30, 2024 was 94.2% and reflects a 230-basis-point impact from the previously announced St. Louis vacancy, a 20-basis-point impact from the inclusion of the recently acquired Memphis value-add portfolio, and a 30-basis-point impact from net leasing activity in the quarter. Same store occupancy at September 30, 2024 was 97.5%.
Executed leases scheduled to commence during 2024, which includes activity through the third quarter, all have terms of at least six months and represent an aggregate of 5,646,792 square feet. These leases, which represent 73.7% of total 2024 expirations, include 4,108,913 square feet of renewal leases (21.4% of these renewal leases were associated with contractual renewals; there are no remaining 2024 contractual renewals) and 1,537,879 square feet of new leases, of which 138,924 square feet was vacant at the start of 2024. The total square footage of new leases commenced excludes 160,292 square feet of development leasing completed in 2024. Rental rates under these leases reflect a 17.2% increase on a cash basis with renewal leases reflecting a 12.7% increase in rental rates on a cash basis and new leases reflecting a 28.9% increase on a cash basis.
Plymouth continues to market its 769,500-square-foot Class A industrial building in the Metro East submarket of St. Louis. The Company is currently working with ten active prospects, with four of them full-building users and six of them half-building users. Four of these prospects have lease proposals that are actively being negotiated. However, we can provide no assurances as to the timing of entry into lease agreements for this property.
Other notable leasing activity during the third quarter among Plymouth's top tenants include a one-year extension executed for 566,281 square feet in Memphis to December 31, 2025, that will commence in the first quarter of 2025 and a five-year extension executed for 327,194 square feet in Chicago to October 31, 2029, that will commence in the fourth quarter of 2024.
Development Activity&nbsp; The final project in the first phase of Plymouth's development program, a 52,920-square-foot, fully leased building in Jacksonville, is expected to come online in November 2024. During the quarter, the Company signed a 10-year lease for 53,352 square feet at its 154,692-square-foot industrial building in Cincinnati. The lease, which will commence in April 2025 with economic occupancy beginning in September 2024, will bring both this property and the entire development program to 100% leased.
Acquisition Activity&nbsp; During the quarter, Plymouth acquired a 1,621,241-square-foot portfolio of industrial properties located across the Southeast and Northeast submarkets of Memphis, Tennessee. The purchase price of $100.5 million equates to an initial NOI yield of 8.0%. The portfolio consists of 14 buildings that are currently 94.0% leased to 46 tenants with a weighted average remaining lease term of approximately 3.4 years. Existing contract rents are below market consistent with the Company's targeted mark-to-market range of 18% to 20%, and the portfolio offers a parcel that can be utilized for potential future development of an incremental 115,000-square-foot building.
Disposition Activity&nbsp; During the quarter, Plymouth completed the previously announced sale of its 527,127-square-foot industrial property in Columbus, Ohio, to the tenant for approximately $21.1 million in net proceeds.

REIT

Real Estate

PLYM

Plymouth Industrial REIT Provided An Activity Update For The Third Quarter Of 2024

Before this collaboration, Family Dollar stores accepted SNAP/EBT payments from customers in-person.

CART

DLTR

Family Dollar Partners With Instacart To Accept Supplemental Nutrition Assistance Program's Electronic Benefit Transfer Payments (SNAP/EBT) For Online Orders

Deutsche Bank analyst Corinne Blanchard maintains Constellium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) with a Buy and lowers the price target from $23 to $22.

CSTM

Deutsche Bank Maintains Buy on Constellium, Lowers Price Target to $22

Analyst Thomas Chong of Jefferies maintained a Buy rating on Meitu (MEIUF – Research Report), with a price target of HK$4.40. Thomas Chong's Buy ra...

Strong Buy: Meitu's Growth Trajectory and Profitability Outlook

There's a lot to be optimistic about in the Communication Services sector as 3 analysts just weighed in on Rogers Communication (RCI – Research Rep...

Analysts Are Bullish on Top Communication Services Stocks: Rogers Communication (RCI), Endeavor Group Holdings Inc (EDR)

Meitu (HK:1357) has released an update. Meitu, Inc. has successfully passed all proposed resolutions during its Annual General Meeting held on June...

Meitu Announces AGM Resolutions and Board Changes

Meitu (HK:1357) has released an update. Meitu, Inc., a company incorporated in the Cayman Islands and operating in Hong Kong, has released informat...

Meitu, Inc. Clarifies Board Structure and Roles

Meitu (HK:1357) has released an update. Meitu's Founder, Chairman, and CEO, Mr. Wu Zeyuan, has increased his stake in the company with an on-market...

Meitu CEO Buys Shares, Shows Confidence

Meitu (HK:1357) has released an update. Meitu, Inc. has announced the grant of 368,837 share awards to its employees under its Share Award Scheme, ...

Meitu Incentivizes Employees with Share Awards

Meitu (HK:1357) has released an update. Meitu, Inc. has scheduled a Board meeting for August 28, 2024, where they will discuss the interim results ...

Meitu Announces Upcoming Board Meeting

Meitu (HK:1357) has released an update. Meitu, Inc. forecasts a significant increase of at least 80% in adjusted net profit for the first half of 2...

Meitu Predicts Strong Profit Growth in H1 2024

Meitu (HK:1357) has released an update. Meitu, Inc. has reported a significant year-over-year financial growth for the first half of 2024, with an ...

Meitu Reports Strong Mid-Year Financial Growth

Meitu (HK:1357) has released an update. Meitu, Inc. has announced the granting of share awards to its CEO and certain employees as part of a share ...

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Meitu

Meitu (MEIUF) Forecast

Meitu (OTC:MEIUF) Stock, Quote.Headers.trade-ideas